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Citibank's New Prestige Card

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Old 06-03-2013, 08:26 AM   #1
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Citibank's New Prestige Card

Interesting move by Citibank to be competitive.

https://www.citibank.com.sg/gcb/cred...rCode=SGCPCNAV

Key Highlights of this new Mastercard:

Local spend: 1.4 miles/$ (matching ANZ Travel Card)
Overeseas spend: 2 miles/$ (sames as their own PM card)
No expiry date of miles!
Welcome bonus: 25K miles
Relationship bonus: Awarded in Reward points amounting 5% - 30% of annual amount spent in S$; % depends on tenure with bank and whether a Citigold client.
$535 dollar annual fee for 25K miles
120k income requirement

Note: you earn Rewards points, but the above miles is after conversion.
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Last edited by the_ed; 21-03-2013 at 10:37 PM.. Reason: accuracy of information
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Old 06-03-2013, 09:26 AM   #2
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not so attractive leh...

Last edited by sleeping; 06-03-2013 at 09:29 AM..
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Old 06-03-2013, 09:38 AM   #3
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haha i wonder if they will allow ppl to apply easily like PM card
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Old 06-03-2013, 09:41 AM   #4
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Welcome bonus: 25K miles, there is no condition to get it?
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Old 06-03-2013, 09:43 AM   #5
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for a citigold member, it is a very attractive card
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Old 06-03-2013, 09:49 AM   #6
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Welcome bonus: 25K miles, there is no condition to get it?
seems like this
$535 dollar annual fee for 25K miles
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Old 06-03-2013, 10:18 AM   #7
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And it is a master card, finally a master card for travel mileage.
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Old 06-03-2013, 02:37 PM   #8
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Even for non Citigold customers, you are still earning an additional 5% (or more), compared to ANZ Travel Visa. For people able to get it, this card makes Premiermiles pretty redundant. I might get one and cancel my PM.

Another plus point is that because it is CitiRewards points, I can combine the points with those earned from my Clear card and Rewards card for one redemption (& one fee). Using PM means I need to pay twice (once for PM, once for Rewards).
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Old 06-03-2013, 03:03 PM   #9
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looks good but when divided 25k for $500+ is it really worth the money ?
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Old 06-03-2013, 03:09 PM   #10
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no diff to me since i m not qualified for this card LOL
Conti using my PM card...
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Old 06-03-2013, 03:16 PM   #11
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looks good but when divided 25k for $500+ is it really worth the money ?
Is the same as PM, and DBS Altitude (10k for $200).

Short answer, yes.
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Old 06-03-2013, 06:54 PM   #12
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haha i wonder if they will allow ppl to apply easily like PM card
I think no harm trying.
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Old 06-03-2013, 07:05 PM   #13
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for a citigold member, it is a very attractive card
The bonus miles are probably the most attractive feature. If you have already been in Citigold for 10 years, you could potentially get 1.82miles/$ for local general spend. If not, it may take 10 years to max out, but the meantime, you would get at least 1.61 from the first dollar which is more than the current 1.4 (for ANZ Visa) or 1.6 (UOB Amex).
For overseas general spend, it would range from 2.3 to 2.6 which beats just about all other cards (except ANZ Visa Infinite to my knowledge).

Last edited by the_ed; 06-03-2013 at 07:41 PM..
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Old 06-03-2013, 07:15 PM   #14
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For overseas general spend, it would range from 2.3 to 2.6 which beats just about all other cards (except ANZ Visa Infinite to my knowledge).
HSBC Visa Infinite has 2.5... with the right spending.
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Old 06-03-2013, 08:31 PM   #15
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Is the same as PM, and DBS Altitude (10k for $200).

Short answer, yes.
Take 192.6/10*25 = $481.5. By proportion, u r paying $54 more as compared to PM. This card is more expensive. Got additional priority pass? got free taxi ride? at least must mitigate those additional cost leh
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